The average return of ETH in June is -6.77%. #ETH has given a positive return only 3 times in June since its inception. Will this month be positive or negative for $ETH?👆
📊 Analysis Summary: 1️⃣ Horizontal Resistance and Retest: The chart shows a clear resistance at 113,778. Price tested this area and pulled back, indicating potential profit-taking or exhaustion.
2️⃣ Trend Channels: Price is moving within an ascending channel. It touched the upper band and faced selling pressure.
3️⃣ FVG Zone: The Fair Value Gap area between 90K–98K represents a liquidity pocket. A potential pullback into this zone could provide a fresh buying opportunity.
4️⃣ Short-Term Scenario: 🔹 Price is consolidating around the 109,782 level. 🔹 If the resistance zone (113K) is tested again and fails to break, a pullback towards 106,195 or the green support areas below is likely. 🔹 If a breakout occurs, we could see momentum pushing towards 117K+.
5️⃣ Volume Check: Volume remains low in recent candles, indicating a lack of strong momentum. This suggests the market could be in a consolidation or accumulation phase.
🔥 Summary: BTC is struggling to break above the 113K resistance zone. A breakout could trigger a new bullish wave. Otherwise, a correction towards the 106K–101K range is likely. Any dip into the FVG zone could offer a prime buying opportunity.
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